MMI Fund

﻿﻿﻿ Inspector General report points to specific risks In October HUD’s Office of the Inspector General released their report which telegraphs what changes to the HECM we may see in 2019. If you were to ask ten HECM professionals what their outlook was for 2019, you would likely get ten

﻿ HECM abuses when borrower no longer occupies the property pose risk to FHA’s MMI fund How quickly are HECM properties sold or called due and payable when the last borrower has died or moved out? More importantly, how many properties with a HECM are sitting on the books for years